The US dollar is Timor-Leste’s official currency. Local Timorese centavo coins also circulate: 100 centavos have the same value as 100 US cents, or USD 1. These coins provide local denominations of the dollar unit; they do not create a separate floating account currency called the Timorese centavo. [2]
US dollar
Currency settings
A USD account can make the currency comparison straightforward when the sending account and the receiving balance both use USD. That does not eliminate transaction charges or guarantee that every displayed dollar amount is USD. Use the three-letter code in account records, and keep the sent amount, fees and credited amount together when comparing a payment. [2]